Am I eligible to apply for a mortgage through the CalSTRS Home Loan Program?
With the CalSTRS home loan now being permanently suspended, a new Teacher home loan have been launched called CalPATH, by Mountain West Financial. MWF was appointed the CalSTRS servicer and program administrator until they pulled the plug in 2013.
More details of the new CalPATH teacher loan that is a very good alternative to CalSTRS, and eligibility, can be found at this link copy and paste into browser http://homeloanartist.com/2014/02/calpath-home-loan/ or call (951) 215-6119.
Eligibility requirements include the following: • Employees of California public school districts or California community colleges. • Members of the California State Teachers’ Retirement System. • CalSTRS employees. • Inactive CalSTRS members as long as they have funds in their CalSTRS retirement account. • Retirees receiving CalSTRS benefits.